Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports
CoinTelegraph·
60-second summary
Tether's former CIO is reportedly seeking to sell their stake in the stablecoin issuer, a move that could have significant implications for the company's future. The reported transaction comes as Tether maintains it has no plans to go public, defying a trend where other crypto companies pursue or delay IPOs, further testing investor confidence in the stablecoin market.
The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs.